Today’s gold price in India stands at ₹15,948 per gram for 24 karat gold (99.9% purity), ₹14,619 per gram for 22 karat gold (91.6% purity), and ₹11,961 per gram for 18 karat gold (75% purity) — as of May 23, 2026.
People planning to buy jewellery should note that rates vary slightly across cities depending on local market conditions, taxes and jeweller charges.
The price of silver in India today is ₹284.90 per gram and ₹2,84,900 per kilogram. Silver prices in India are largely influenced by international market rates, which can fluctuate in either direction. In addition, currency movements also play a key role—if the Indian rupee weakens against the US dollar while global silver prices stay stable, silver tends to become more expensive domestically.
City-wise rates of Gold and Silver in India today (May 23, 2026)
| City | 24K Gold (₹/g) | 22K Gold (₹/g) | 18K Gold (₹/g) | Silver (₹/10g) | Silver (₹/kg) |
|---|---|---|---|---|---|
| Chennai | 16,123 | 14,779 | 12,399 | 2,951 | 2,95,100 |
| Mumbai | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Delhi | 15,963 | 14,624 | 11,966 | 2,849 | 2,84,900 |
| Kolkata | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Bengaluru | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Hyderabad | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Kerala | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Pune | 15,948 | 14,619 | 11,961 | 2,850 | 2,85,000 |
| Vadodara | 15,953 | 14,624 | 11,966 | 2,849 | 2,84,900 |
| Ahmedabad | 15,953 | 14,624 | 11,966 | 2,849 | 2,84,900 |
Gold and silver are popular investment options because they combine wealth protection, stability, and long-term value retention, especially during uncertain economic conditions.
Gold is considered a “safe-haven” asset. When inflation rises, stock markets become volatile, or currencies weaken, investors often move money into gold because it tends to hold its value over time. It is also globally recognized and highly liquid, meaning it can be easily bought or sold anywhere.
Silver works similarly but has an added advantage: it has strong industrial demand. It is used in electronics, solar panels, medical equipment, and various manufacturing industries. This dual nature—both an investment and an industrial metal—can make silver more sensitive to price changes, but also gives it growth potential during industrial expansion.
Both metals also help in portfolio diversification, meaning they reduce overall investment risk when combined with stocks, bonds, or real estate. They usually move differently from equity markets, so they can balance losses during downturns.
In short, gold is mainly a store of value and safety asset, while silver offers a mix of investment stability and industrial growth potential.
